Background Context
The Company refers to its intimation dated 16th June, 2026 filed under Regulation 30 of SEBI Listing Regulations, which informed about an Order-in-Appeal dated 29th May, 2026 passed by the Commissioner (Appeals), CGST & Central Excise, Nashik. This order rejected the Company's appeal against an Order-in-Original and upheld the original order.
Reason for Delay Clarification
BSE Limited requested clarification on reasons for delay in submitting the disclosure. The Company provides the following timeline and reasons:
- The Order was passed by the authority on 29th May, 2026
- Detailed order was received at the Company's Nashik location on 12th June, 2026
- Order was subsequently received by the concerned authorized person at the Company's Registered Office on 15th June, 2026
- The delay between 12th and 15th June was attributed to the intervening weekend
Additional Reasons for Disclosure Delay
The delay in filing the intimation was attributable to:
- Time required by the Company to assess the implications of the Order received from the Commissioner (Appeals), CGST & Central Excise, Nashik
- Time required to evaluate the appropriate course of action
- Internal assessment process completion requirements
Disclosure Timing
The Company made the disclosure to the Stock Exchanges on 16th June, 2026 at the earliest practicable opportunity after receipt and verification of requisite information and completion of internal assessment process.
Company Statement on Delay Nature
The Company states that the delay in making the disclosure was neither intentional nor due to any omission on the part of the Company and occurred solely on account of the time required for completion of the aforesaid processes to ensure dissemination of accurate and complete information to the investors and the market.
Additional Information
This disclosure is also being uploaded on the company website at https://sulavineyards.com/investor-relations.php